How the Elon-Trump divorce could become the most-expensive breakup in history

With Tesla shares down 12% today, Elon Musk has lost $15.8 billion.

Both of them are messaging on their respective social networks:

Elon was “wearing thin,” I asked him to leave, I took away his EV
Mandate that forced everyone to buy Electric Cars that nobody else
wanted (that he knew for months I was going to do!), and he just went
CRAZY!”

He separately wrote:

The easiest way to save money in our Budget, Billions and Billions of
Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I
was always surprised that Biden didn’t do it!

This is top-notch entertainment and TSLA is way overvalued. There is so much riding on the June 12 robotaxi launch but Elon might not be getting the red carpet rolled out from Texas regulators if he keeps this up.

In terms of actual divorces, the Bill-and-Melinda Gates divorce is going to be a high hurdle. Melinda reportedly got $76 billion but at least they were married for 27 years. Elon and Trump weren’t even together for a year.

In order to surpass the cost of the Gates divorce, shares would have to fall all the way to $226 and that’s surprisingly possible. For what it’s worth, Bill Gates has repeatedly said he’s short TSLA.

This article was written by Adam Button at www.forexlive.com.